A student considers how many people enter a particular bank during the lunch hour and how many exit. She decides to run a simulation. She assigns the value 0 to represent a person entering the bank and 1 to represent a person exiting the bank. Based on a simulation for the first 20 people she observes, estimate the probability she will see a person entering the bank. \( 0110 \begin{array}{lllllllllllllll}0 & 0 & 1 & 1 & 1 & 0 & 1 & 0 & 0 & 0 & 1 & 0 & 1 & 0 & 0\end{array} 1 \) (1 point) 0.400 0.250
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Beyond the Answer
To estimate the probability of seeing a person entering the bank, you can calculate the ratio of the number of entries (0s) to the total number of observations. In the given sequence, there are 8 zeros and 12 ones. This means the probability of seeing a person entering the bank is 8 (entries) divided by 20 (total observations), which equals 0.4 or 40%. So, the correct answer is 0.400! In this simulation, the student is using a simple binary system to track entries and exits. Such simulations can help researchers model various real-life scenarios visually and intuitively, making it easier to analyze likely patterns in situations like customer traffic, resource allocation, or logistical efficiency. With the right tools and understanding, simulations can reveal fascinating insights about human behavior!